Recurring net income, or profit before one-time charges,
rose to a record 4.132 billion reais ($1.59 billion) in the
quarter, up 4.6 percent and 29.2 percent on a quarterly and an
annual bases, respectively, Bradesco said in a securities
filing.

A Reuters poll of nine analysts predicted recurring profit
of 3.971 billion reais. Recurring return on equity, a widely
used gauge of profitability for banks, ended the quarter at 20.1
percent, above the poll's estimate of 19.8 percent.